Recent macroeconomic impacts, with Israel and Iran starting a conflict, Bitcoin experienced a massive sell-off. Several exchanges dumped nearly 3.5 billion dollars worth of coins, but overnight, this drop was not only filled but the monthly close in the early morning briefly broke through the 68,000 level. If the war continues to escalate chaos, crude oil will eventually surge, significantly impacting US inflation, leading to a tightening of the Federal Reserve's monetary policy. At that point, the market may reprice itself. In the short term, on an hourly basis, the price is once again showing a spike and correction trend, with bullish volume gradually decreasing. This indicates that the resistance at 68,000 is still relatively strong. Looking at the four-hour bullish volume fluctuation curve, bullish volume is gradually diminishing. Considering the recent four-month and weekly net capital outflows from spot ETF institutions, as well as the near-zero probability of a Fed rate cut in March, I cannot see what would drive BTC to break upwards and rebound.